Even though the company experienced several low-level nuclear accidents in recent years TEPCO has never appointed a board-level committee to oversee enterprise risk management, and because of the limited presence of independent directors on its board, suffered from a lack of alternate perspectives in its board room.

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Recent reviews have considered topics such as leveraged loans, enterprise-wide risk management, and liquidity practices.

FORBES: Transcript

The report by Verizon indicates these protections are a critical form of risk management that no enterprise can no longer afford to ignore.

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Some events are exceedingly rare, but may have consequences large enough to pose truncation risk on a business enterprise, such as Long Term Capital Management in the late 1990s.

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Most definitions place significant emphasis on enterprise value preservation, which largely comprises of rules, regulatory compliance, risk management, and other types of watchdog activities.

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When companies begin overemphasize risk management, and deemphasize opportunity management, the nauseous stench of status quo will begin wafting through the enterprise in epidemic proportion.

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